HDFC bank taken support from major support. HDFC bank looking good for buying above 1527 and stop-loss below 1480. it will move drastically because of the earnings on 13th of April. and as far the technicals are concerned its near the major resistance and already retraced 50% of the fibonacci levels.
H1DB34 trade ideas
HDFCBANK Verge of BreakoutHDFCBANK is showing breakout signs after forming IH&S pattern with good volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HDFCBANK Short IdeaNSE:HDFCBANK
Short idea
Price Reversal after test 1515 to 1500 Range
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Closed below 200 EMA on Daily time frame
Strong level between 1515 to 1500 also a psychological level
Unfilled Gap below previous trading range
Decrease in Volume
HDFC BANK there is seen a positive divergence in hdfc bank if hold today low than we can see 1450++ level in upcoming days.
Note : This information is based on purely study purpose before taking any descion about this information please consult your financial advisor.
Thanks & Regards
Vishal
Technical Analyst